Now remember that the Federal Reserve released this last Friday. This is a little like worrying about your daughter's virtue after she gets knocked up isn't it?

Here is a folksy saying to describe the situation:

"You are closing the barn door after the horse has left."

It is too late to be concerned about subprime lending now. Everyone in the world is concerned about the subprime lending mess. You are our economic leaders and we needed you back then, not last Friday.